Phil Collins buys JLo's old house for $33 mn
Los Angeles: Veteran musician Phil Collins has bought singer Jennifer Lopez's old beach mansion in Miami for a staggering $33 million.
Collins grabbed the opportunity to buy the mansion on 5800 North Bay Road, looking out over the Biscayne Bay, from a private equity firm owner who paid only $13.9 million for the property in 2005, reports nypost.com.
The property boasts an incredible view of the Miami skyline, seven bedrooms, eight bathrooms, a fish pond, an outdoor kitchen, boat dock, and swimming pool.
Private equity business owner Mark Gainor thinks celebrities like the Mediterranean-inspired property, which was made in the 1920s and comes complete with over an acre of land, because it's "very private".
Mark had spent three years renovating the residence, which involved removing the roof and reworking the rooms of the second floor.